NEA 0.24% $2.08 nearmap ltd

Ann: Nearmap expands to New Zealand, page-24

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  1. 1,894 Posts.
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    Just a note about the market response to entry to NZ.
    Just as "one swallow does not a summer make", one day in market terms does not tell the whole story, but ....
    ... on the day Nearmap announced expansion into New Zealand, NEA sp was up 11c, so NEA market capitalisation was up $43M.
    Not bad!
    Of course this increase was not just due to the added value of NZ, but also to the understanding that adding-on is now relatively straightforward, and acceptance that USA does not require more capital than available.
 
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